When you first decide to invest in a property the excitement pumps you up. Your heart starts racing, you already see the cash rolling in…
But before your ambitions run away with your good judgement you should take a step back and evaluate whether the property you're looking to invest in will provide you with growth - or is it a cash-trap that'll suck your wallet dry.
What to look for in ... ››› more
I bought my first rental property at the age of 22. Luckily it turned out a great investment.
But since then I've learnt a lot.
Truth be told, there's a heap of things I wish someone had told me about when I first got started in property back then.
The time, the money it could've saved me... I sure as heck would have gone a lot further a lot faster if I'd had a clue about some things.
... ››› more
Over the past six years I've worked with many estate agents looking to manage my rental properties. And whenever it took time to fill up an empty apartment they'd tell me “the market is slow this time of year”.
They weren't all lying to me. Considering the post-2008 property market it hasn't been smooth sailing for anyone.
South Africa's economy is struggling and people are finding it ha... ››› more
I've often argued the fact that renting property is the quickest way to throw your money away. Why would you rent, when you could buy?
When you buy a property, you're making a solid investment in your financial future. Not only do you have a place to live, your property value increases too. Once your bond is paid off, you could decide you keep your property or sell it for a pretty decent retur... ››› more
“Investing in property doesn't make money any more. I should rather sell everything and put my money in the bank.”
That's the words of a friend of mine, Jaco, whilst we spoke about property investing the other day.
Jaco owns a number of properties but feels that he's not making enough money from them to keep on bothering investing in property.
The thing is, after investigating the ... ››› more
Over the weekend I was speaking to a friend of mine. He just moved into a new area after switching jobs. While he's checking out the property in the area he's renting a property.
One of the issues he faced was a rental deposit - and this actually affected which property he chose to rent initially.
You see, because of tenants not paying rent, or damaging property many landlords have been fo... ››› more
I can see the merits of investing in property. You buy property, you rent it out, you sit back and over the years watch the value of your property rise whilst receiving a monthly income from your tenants.
It's something I really wanted to do, but my lack of knowledge surrounding investing in property left me in limbo.
What I needed was a thoroughly comprehensive guide that would take me thro... ››› more
Property is one thing that I am really keen on. People I know who've invested in property over the years have done pretty well out of it.
Property as an investment seems to make perfect sense. For one, you own an asset that should appreciate in value over the years. And then there's the regular rental income too.
I have been desperate to start my own mini property empire and this is how I ca... ››› more
Investing in property may be something you'd love to do, but you think your financial situation is standing in your way.
Don't let this stop you.
You can easily overcome these obstacles and other common property investing problems.
Read on to find out how…
How to start investing in your own property empire
Investing in property is easier than you may think.
Not only can you ... ››› more
If you're serious about investing in property and want to grow the number of properties you own over the years, it's worth considering starting a property business.
This also means if you have a business partner or partners, you can formalise it through your company.
So how do you go about starting a property business?
Read on to find out…
How to get the ball rolling to start your... ››› more
If you're investing in property to rent out, your main concern will be to buy a property that's in demand from tenants.
Once you're the owner, your next concern is finding a suitable tenant.
So how should you prepare?
Read on to find out…
Opt to part furnish your property
If you’re battling over whether to furnish your property or not, stop right now. There isn’t a differen... ››› more
So, you're looking at an investment property right now. It's well located and you expect it could appreciate in value.
But it costs R400,000 for a 32sqm bachelor's flat.
Is that overpaying or not?
After all, the price you pay for an investment property is the difference between ten years of profits and ten years of losses.
Well, to me the easiest way to figure this out is to know how ... ››› more
You may have a dim view of estate agents or you may hold them in high regard.
One thing is for sure: When it comes to investing in property, an estate agent is worth their weight in gold.
So why should you make use of an estate agent when looking for the perfect investment property?
Read on to find out…
The important role of an estate agent when looking for a property
Estate ag... ››› more
What does it take to become successful in the property investing field? What are the prerequisites for property investment success?
Successful property investors are more than a little savvy. They share the following characteristics.
1. They have in-depth market knowledge
In order to predict changes and be prepared for the unexpected, successful property investors put a lot of time and... ››› more
Your tenant has just moved out of the apartment you rented to them for four years. Interest rates are up, your bond repayment is up and you can't afford to keep the apartment empty - cash is too tight.
What do you do?
Stick the first person willing to rent it from you into the property?
And you convince yourself there’s no need to do a credit check? Or that the fact this person doesn’t... ››› more
If you're thinking about starting your very own property empire, where do you start? Do you know if you should buy at auction? What you should look for in an investment property? If you need someone to manage your properties? And what ultimately makes a successful property investor? Read on to find out the answers…
Are you a new property investor eager to get buying?
If you want to know m... ››› more
If you've tried getting a home loan from one of our big four banks in the past year you would've noticed it's not easy to do…
And if you're a property investor the banks are even more difficult to convince to lend you money.
In fact, for every ten home loan applications the banks receive they decline between four or five.
So what do you do if you want a better than 50% chance of getting ... ››› more
Ask anyone what the biggest challenge to investing in property is and they'll tell you...
“I don't know where to start?”
After all, no one wants to risk their hard-earned cash on property without knowing what, where and why to buy. And they generally have no clue of what they're getting involved in.
Sure, you could spend hours glued to books and property magazines...
But the pro... ››› more
When it comes to selling your property, there are a few things you can do to boost the resale value. Of course, you don't want to spend more on this than you'll gain when you sell. But by taking some simple steps, you can boost the resale value of your property and hopefully sell it quicker in the process. Read on to find out what you should do…
How to make your property more appealing to pot... ››› more
Most of you have read or at least heard of Stephen Covey's Seven Habits of Highly Effective People. The book is famed for drawing out the common traits believed responsible for different people's success.
We'll, during a recent South African Investor meeting, I got to hear the property insights and tips from a host of property moguls and experts.
And today, I've combined these views with my ... ››› more
Disclaimer Note that FSP Invest, a division of Fleet Street Publications (Pty) Ltd, is a research house and not a registered broker, financial advisor or financial service provider. Our editors and customer services teams also do not give personal investment advice. The advice in this website is general advice only and may not be appropriate to your particular investment objectives, financial situation or particular needs, so before investing or if in any doubt about your personal situation, you should seek professional advice from a stockbroker or independent financial adviser authorised by the Financial Services Board.
We research our recommendations and articles thoroughly, but disclaim all liability for any inaccuracies or omissions found in this publication.
Remember: Never invest more than you can afford to spare and that the value of any investment, and the income derived from it, can go down as well as up. The past is not necessarily a guide to future performance.
Editors or contributors may have an interest in investments commented on in this newsletter. However they have signed restraints to prevent the abuse of their position as contributors to this publication.